Category: Regulatory

Keep up with important regulatory news affecting real estate, including government policies, tax reforms, compliance requirements, and RERA updates. Understand how these regulations impact developers, investors, and buyers.

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Andhra Pradesh Cabinet Approves Amaravati Capital Resolution Draft

VIJAYAWADA: On Thursday, the Andhra Pradesh cabinet approved a draft resolution set to be presented in a special assembly session on Saturday concerning Amaravati, the state capital. This resolution seeks to urge the Union government to amend the Andhra Pradesh State Reorganisation Act (APSR) 2014 to designate Amaravati as the official capital. The proposed resolution aims to modify Section 5(2) of APSRA by substituting the phrase “there shall be a new capital for the state of Andhra Pradesh” with “the new capital for the state of Andhra Pradesh shall be Amaravati.” The amendment will also define Amaravati in the explanatory…

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Delhi Police EOW Files Fraud Case Against Gurugram’s Experion Developers

GURUGRAM: The Economic Offences Wing of the Delhi Police has registered an FIR against Gurugram-based real estate firm Experion Developers Private Limited and its affiliate, Experion Capital Private Limited, for fraud. This action follows a complaint lodged by the Enforcement Directorate, according to an official statement released on Thursday. The ED’s complaint originated from its inquiry into a money laundering case involving Religare Finvest Limited (RFL). As per ED findings, former RFL promoters Malvinder Mohan Singh and Shivinder Mohan Singh allegedly misappropriated around Rs 2,036 crore from RFL through entities that they directly or indirectly control. Investigations revealed that the…

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CAG Flags Dual Benefit Issues in Gujarat Housing Schemes

AHMEDABAD: The Comptroller and Auditor General (CAG) has identified instances where individuals received benefits from multiple housing schemes, contravening established guidelines. “According to PMAY-G guidelines, if a household is allocated a home under any government scheme, the gram sabha must remove that household from the system-generated priority list of eligible beneficiaries,” the report indicates. The audit revealed cases where some beneficiaries accessed funding from various housing schemes alongside PMAY-G. “In Jamnagar and Surat districts, 24 beneficiaries under PMAY-G were also sanctioned houses under PMAY-Urban,” the report detailed. “Among these 24 beneficiaries, seven received a total of ₹16.55 lakh under PMAY-U,…

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Madras HC Notifies Tamil Nadu on PIL for Hill Area Approvals

CHENNAI: An activist has approached the Madras High Court to contest a government order (GO) from the Tamil Nadu government. This order allows urban planning authorities to approve housing layouts in hilly areas and make land-use changes, sidestepping the essential clearance from the Hill Area Conservation Authority (HACA). The court admitted the plea on Wednesday, with the first bench comprising Chief Justice Sushrut Arvind Dharmadhikari and Justice G Arul Murugan directing the state government to respond within four weeks. According to the petitioner, S. Muralidharan, the HACA was established in 1990 to safeguard ecologically sensitive hill regions from the effects…

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Visakhapatnam’s property tax collects over ₹510 crore

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has set a record in property tax collections, exceeding ₹510 crore for the fiscal year 2025-26, a full eight days before the accounts close. This outstrips last year’s collection of ₹500 crore, with officials optimistic about reaching ₹600 crore by March 31, thanks to a 50% interest waiver on outstanding dues provided by the state government. Of an additional ₹80 crore in demand, ₹50 crore has already been collected this year. Deputy Commissioner (Revenue) S Srinivasa Rao mentioned that the waiver will lessen the burden on taxpayers and enhance collections. “We expect to…

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NCLAT Rejects Stay on Adani’s ₹14,535-Cr Jaiprakash Bid

NEW DELHI: On Tuesday, the Insolvency Appellate Tribunal rejected an interim stay on Vedanta Group’s plea against the National Company Law Tribunal’s (NCLT) approval of Adani Group’s ₹14,535 crore bid for Jaiprakash Associates Ltd (JAL). The two-member bench of the NCLAT requested a response from JAL’s Committee of Creditors (CoC) within a week and scheduled the case for hearing on April 10. Vedanta Group had been competing to acquire JAL through the insolvency process but faced a setback when lenders approved Adani Enterprises’ resolution plan last November. The NCLT approved Adani’s bid last week. In challenging the NCLT’s decision, Vedanta…

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Punjab & Haryana HC paves way for FIR vs Emaar India in dispute

CHANDIGARH: The Punjab and Haryana High Court has dealt a setback to Emaar India Ltd, denying its request to quash an FIR that includes allegations of cheating, fraud, and criminal conspiracy against the firm. Justice Mandeep Pannu issued the ruling while rejecting a petition from Emaar India, which sought to dismiss an order from a Gurgaon additional chief judicial magistrate that authorized the FIR against the company and its officials. The case arises from a complaint by Synergy Finhub LLP, which alleges that Emaar India and certain officials were involved in a “well-coordinated” scheme of deception. Central to the allegations…

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Telangana HC reprimands HYDRAA for seizing Hayathnagar plot

HYDERABAD: The High Court has reprimanded the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) for allegedly seizing a 650 square yard plot in Sahebnagar Kalan, Hayathnagar, located on the outskirts of the city. During a hearing of a petition from the landowner contesting HYDRAA’s actions, Justice NV Shravan Kumar expressed astonishment, stating that interfering in ongoing property disputes is hardly a model of good governance. It is reported that HYDRAA has taken over the property under the pretext of encroachment into a park. Addressing the proceedings, the judge remarked that the courts are equipped to handle encroachments and related…

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Pune’s PCMC collects ₹80 crore in property tax, may miss targets

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) reports a robust response to its amnesty scheme for property tax defaulters, yet the overall tax collections appear to be underwhelming, as the organization is unlikely to achieve its set targets or match last year’s figures. For this fiscal year, PCMC has aimed to generate Rs 1,000 crore from property tax. According to municipal officials, the PCMC has accumulated nearly Rs 80 crore in property tax revenue following the launch of the amnesty scheme on March 1. This initiative provides a 90% penalty waiver for defaulters, applicable only to those who settle their…

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BMC Urges MMRDA & MHADA to Resolve ₹2,287 Crore Tax Dues

MUMBAI: The BMC has reached out to two major state agencies—the Mumbai Metropolitan Region Development Authority (MMRDA) and the Maharashtra Housing and Area Development Authority (Mhada)—regarding pending property tax dues exceeding Rs 2,287 crore, urging immediate payment. In correspondence dated March 16, just prior to the financial year-end, the BMC emphasized that property tax is its main source of revenue, essential for urban services and infrastructure development across Mumbai. According to BMC records from January 31, MMRDA owes Rs 1,685.6 crore across 128 properties, which includes Rs 946.2 crore in unpaid taxes and Rs 739.4 crore in penalties. Mhada, on…